University Housing Portfolio Investment

Multi-Family for Sale
Catylist Listing ID: 30191473
Property Subtypes: Student Housing
Number of Units: 23 Units
Building Size (RSF): 26,299 SF
Gross Building Area: See Agent
Sale Price: $1,000,000
Unit Price: $43,478.26 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/6/2018

Overview / Comments

Portfolio of Rental Houses & Duplexes

Financials

Finance Data Year 2018
Potential Rental Income $164,340 (Annual)
Gross Operating Income $159,660 (Annual)
Net Operating Income $85,130 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Akron
County: Summit
Taxing Authority: Akron, Summit County, OH
Tax ID/APN: 6861076
Zoning: U-2, HOUSE - APARTMENT
Percent Occupied: 913%
Property Located Between: Grant St to West, East Exchange to North OH 8 to East, and Voris to South
Total Number of Buildings: 21
Property Condition: Fair
Number of Stories: 2
Year Built: 1940
Roof Type: Gable
Parking Description: Each Unit has available free parking

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,134 139,918 278,462
Median Age: 27.98 35.15 38.15
Households: 5,903 56,871 118,424

Contact

Photograph of Listing Agent

Jim Pickard

Pickard Commercial Group
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.